By A Staff Reporter: In a significant crackdown, the Enforcement Directorate (ED) carried out search operations at 22 premises across six states, including Tamil Nadu, West Bengal, Karnataka, Uttar Pradesh, Meghalaya, and Punjab. The raids were conducted under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, as part of an investigation against Santiago Martin and his entity, M/s Future Gaming and Hotel Services Private Limited, along with other associates.
The ED disclosed that during the raids, incriminating documents, digital devices, and cash amounting to Rs 12.41 Crore were recovered and seized. In addition, Fixed Deposit Receipts (FDRs) worth Rs 6.42 Crore were frozen as part of the ongoing probe.
Santiago Martin, a prominent figure in the gaming and lottery sector, is under investigation for alleged financial irregularities and money laundering activities. The ED’s operations aim to unravel the flow of illicit money and its use through various entities associated with Martin.
The seized materials and frozen assets are expected to provide crucial leads in establishing the scale and mechanisms of money laundering involved. The agency's actions underline its commitment to combating financial crimes and ensuring accountability in high-profile cases.
Further investigations are underway to determine the full extent of the alleged illegal activities and identify additional assets linked to the case.
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